The global automotive ethernet market was USD 1.77 billion in 2020 and is anticipated to grow to USD 5.8 billion by 2027, witnessing a CAGR of 21.2% during the forecast period 2021-2027. Automotive ethernet refers to a physical network that is used in connecting components within a vehicle via wired technology. Automotive ethernet provides smartphone connectivity, navigation, high-powered infotainment systems, driver safety systems, and other advanced features. Factors attributing to the growth of the automotive ethernet market are the low-cost ethernet technology, increasing demand for Advanced Driver Assistance System (ADAS) and infotainment systems, and development of ethernet technology.

The rising demand for ADAS systems, the introduction of MEMS technology, technological development of infotainments, and IoT equipment will lead to growth in electronic control unit content in automobiles. Moreover, government regulations concerning safety and security, increase in disposable income of individuals will let them choose luxury vehicles, rising number of notable cable and connector manufacturers, leading automotive OEMs, and automotive tier-1s adopting ethernet are the other factors propelling the growth of the automotive Ethernet market. For example, In March 2019, the European Commission issued a new regulation requiring Intelligent Speed Assistance (ISA) for light vehicles manufactured in 2022. Euro NCAP and the US NHTSA safety assessment are extra forces behind ADAS adoption that includes the convenience and performance of safety assistant systems in their ratings.

Request to get a free sample copy at https://www.vynzresearch.com/automotive-transportation/automotive-ethernet-market/request-sample

Geographically, APAC dominates the automotive ethernet market owing to the increasing production of vehicles in various countries like China, Japan, India, and South Korea. The growth in the automotive sector will propel the growth of the automotive ethernet market in the region. Moreover, OEMs are investing massively in the APAC region owing to the increasing customer base and increasing business revenue. In addition, the increasing production of passenger vehicles will drive growth in the APAC region. For instance, automakers, like Mercedes-Benz, Ford, and Volkswagen, are progressing their expansion plans in India to enhance their manufacturing capacity and output, resulting in increasing the growth of the automotive ethernet market.

Microchip Technologies, Inc., is the leading provider of automotive-grade Ethernet solutions that are adopted in an extensive range of applications, including diagnostics, in-vehicle connectivity and backbone, Advanced Driver Assistance Systems (ADAS), Infotainment, and Telematics.

NXP Semiconductors launched its first multi-gigabit ethernet switch, which is specially designed to help automakers deliver high-speed networks required for connected vehicles.

Marvell introduced its second generation automotive ethernet PHY, having the lowest power consumption in the industry. This product launch broadens the physical layer transceiver product line of Marvell.Some of the key players operating in the automotive ethernet market: Broadcom, NXP Semiconductors, Marvell, Microchip Technologies Inc., Cadence Design Systems, Inc., Molex, Aukua Systems Inc., Vector Informatik GmbH, TTTech Auto AG, and System-on-CChip Engineering S.L.

Source: VynZ Research